Business For Sale

Send To A Friend - Terms and Conditions

The “Send To A Friend” program and offer is open to all BizLocal users. When you complete the “Send To A Friend” form, BizLocal will send an email to your friends on your behalf, inviting them to join BizLocal or to view a listing.

This service may not be used outside of the intended sharing of BizLocal pages/listings with others. Abuse or attempted spamming from this service will be dealt with swiftly.

Privacy: Any email address you provide through the “Send To A Friend” program will be used only to send an email message on your behalf at the time you enter or select it and click the “Send To A Friend” button.

Check to Accept Terms and Conditions

Wait .....

La Jolla Restaurant & Bar w/ Patio & Built-In Client Base

California, La Jolla

Asking Price

$350,000.00

Gross Income

$1,740,672.00

Cash Flow

$1,740,672.00

EBITDA

Furniture, Fixtures & Equipment (FF&E)

Inventory

Real Estate

Year Established

Number of Employees

Type of Real Estate Offered

Business Type

RESTAURANTS

Bar Restaurant

Overview

This sophisticated La Jolla restaurant and bar is ideally located in a high-traffic commercial area and boasts a built-in client base. The business has been operating since 2001 and has developed a loyal customer following, whereby multiple visits per week are not uncommon. The restaurant sale includes a full kitchen, bar, large dining room, a private party room, a large covered patio, and a liquor license as well as ability to offer live entertainment for a small musical ensemble.

Business Details

Location and Facilities: The 5,800 square foot facility leases for $18,000 per month, including common area maintenance expense, on a lease valid through 2016. The sale includes all of the business s assets including a full kitchen with a double-sided hood system, a walk-in cooler, multiple freezers, plenty of storage, an office and a recently acquired POS system. Inventory estimated at $40,000 will be sold in addition to the purchase price at cost at close.

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: The business is well positioned for growth. The current owner has been fairly absentee the last few years and has operated the business with minimal direct oversight. The business could significantly benefit from a hands-on working owner that actively manages and promotes the business while building on the already established client base. Competition: This restaurant does face some competition due to the area s high population density, however this business has a prime location from which to capitalize on its nearby customer base.